In what could easily be called Nigeria's "fintech deal of the decade", Paystack — a homegrown payments solution provider — is in the process of being acquired by US fintech giant Stripe. Although the terms of the deal have not been disclosed, reports...

The Communications Authority of Kenya has released its latest quarterly statistics. However, the Covid response measures in the period resulted in higher data and SMS consumption. We therefore retain our Hold recommendation on Safaricom. Total voice...

Digital payment transactions jumped by 28% yoy to hit a record KES474bn (cUS$4.4bn) in August, according to data from the Central Bank of Kenya. The key driver of this growth was the spike in larger transactions. Even then, we expect transaction volu...

Technology and innovation have transformed the digital food delivery industry over the past five years, morphing it into a US$110bn business that has reshaped dining habits and disrupted traditional restaurant models. We estimate that Uber Eats has b...

Kenya's central bank held its key interest rate at 7.0% yesterday, noting stable inflation, an improving economic environment and stability in the banking sector. It is not clear whether the lifting of the freeze means the loans that were not being s...

The 2020 Budget was already approved by Parliament in July. In either scenario, laws passed from henceforth in the current Parliament may be open to legal challenge (on the basis of disputing the legitimacy of current MPs). Kenya equities, measured b...